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I want you to understand that there is a huge, thriving and very cash rich underground market that is behind this identity theft. If you do not wake up and realize this, maybe this will help - you currently have a 1 in 1000 or so chance of becoming a ID theft victim. In the next five years with an assumption of just average growth in this identity theft and similarly related theft (which greatly underestimates actual and current projections by leading authorities) you will have a 1 in 50 probability that you will get stung. And being that the average victim suffers an average of over $6000 in fraudulent charges (it was previously a tad over $5000 just last year according to the Better Business Bureau (BBB)), its getting expensive and in many cases ruinous. Not only that, but it can take years to regain ones credit.
As items like cars and houses become more expensive (95% of car purchases are now financed along with almost 100% of houses) and many prospective employers are requiring credit and background checks it is becoming more and more important to have and maintain a good credit score (good is defined as a 720 beacon score and above). Its hard enough to maintain a good credit score and then you add these credit bandits or ID thieves whom can completely trash or demolish your credit and financial life in days or even hours.
So now that you have realized how bad identity theft is and what it can do to you – what can you do to stop it? You can take action.